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Finance Banking Featured World

GCC bank debt issuances top $60bln in 2025, to remain strong in 2026: Fitch

GCC lenders account for 30% of USD issuances by EM banks this year. Debt issuances by banks in the Gulf Cooperation Council (GCC) are set to remain strong through 2026 after exceeding $60 billion so far this year, Fitch Ratings said in a new report. Excluding certificates of deposit (CDs), issuances will hit $40 billion […]

Finance Banking Featured World

Saudi’s Bank AlJazira prices $500mln, non-call 5.5-year sukuk

The final orderbook is in excess of $1.65bln, excluding JLM interest. Saudi Arabia’s Bank AlJazira, rated A3 (stable) / A-(stable) by Moody’s and Fitch, has priced its dollar-denominated, benchmark perpetual non-call 5.5-year AT1 sukuk on par, with a profit rate of 6.5% and a reset margin of +284.7 bps. The price was marginally tightened from […]

Business Featured Finance News World

Saudi crude oil supply to China set to fall in September, sources say

Saudi Arabia’s crude oil exports to China are set to fall in September, slipping from a more than two-year high in August after the world’s largest exporter raised prices, several trade sources said on Monday. State oil firm Saudi Aramco will ship about 43 million barrels to China in September, or 1.43 million barrels per day […]

Finance Business Featured World

Goldman Sachs sees 410,000-bpd hike in OPEC+ June supply

 Goldman Sachs on Friday said it expects OPEC+ to announce a second consecutive increase in supply for June on Saturday, due to modest compliance from Kazakhstan, lower-than-expected OECD inventories, and Saudi Arabia’s ability to handle lower oil prices. The Wall Street bank expects the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to announce a […]